Social Lending Improving Credit for the Underbanked

Boston-Federal-Reserve-MAF-Improving-CreditThe promise of financial stability is now available nationwide. Since our analysis, MAF has grown beyond its original Bay Area birthplace. Forty-six nonprofit partners across 12 states are working with MAF today, providing lending circles to more than 3,000 participants and guaranteeing almost $4 million in loans. A social-loan platform at lendingcircles.org has also been developed for clients anywhere in the nation to access lending circles on their mobile devices.

By

Belinda Reyes and Elías López
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